- Carnaby Resources (CNB) has begun major drilling programs at its Strelley Project in Western Australia and Greater Duchess Project in Queensland
- Around 6000 metres of reverse circulation (RC) drilling will be undertaken at Strelley to target the newly identified Bastion, Stockade and Alcazar prospects
- Focus will then shift to Greater Duchess to target extensions of the mineralisation at Nil Desperandum and first pass testing of the Burke & Wills and Lady Fanny prospects
- Carnaby is up 9.18 per cent on the market with shares trading at 26.8 cents
Carnaby Resources (CNB) has begun major drilling programs at its Strelley Project in Western Australia and Greater Duchess Project in Queensland.
Around 6000 metres of reverse circulation (RC) drilling will be undertaken at the Strelly Project to target the newly identified Bastion, Stockade and Alcazar prospects.
Carnaby will target the significant high-grade gold mineralisation that was intersected in the most recent RC drilling program.
Grades from this drill program peaked at 5.21 grams per tonne (g/t) gold from Bastion, 4.83 g/t gold from Alcazar and 1.62 g/t gold from Stockade.
Carnaby will also drill 27 RC and diamond holes, for 4000 metres, at the Greater Duchess Project to target extensions of the mineralisation at Nil Desperandum and undertake first pass drill testing of the Burke & Wills and Lady Fanny prospects.
Drilling at Nil Desperandum will target the extensions of the southwest-plunging lode that remains open from a previous intercept that returned up to 1.8 per cent copper.
At the Burke & Wills Prospect, drilling will target the direct extensions of continuous workings where previous drilling intersected up to 2.3 per cent copper.
At Lady Fanny, Carnaby will test directly beneath 400 metres of continuous high-grade copper-gold mineralisation where previous work intersected up to nine per cent copper.
Managing Director Rob Watkins is excited to begin this drilling program.
“We are delighted to have secured drill rigs for the Strelley Gold and Greater Duchess Copper Gold Projects,” Mr Watkins said.
“We will be concurrently drilling both areas through to the end of the year and have very high expectations that both programs will deliver strong pivotal results that will propel Carnaby into the new year with a growing realisation as to the material significant of both gold and copper discoveries.”
Carnaby was up 9.18 per cent on the market with shares trading at 26.8 cents at 1:15 pm AEDT.